Cement News tagged under: international
Indocement expects only marginal gains13 March 2006, Published under Cement NewsPT Indocement Tunggal Prakarsa expects its domestic cement sales to increase by up to four per cent this year from around 9.5Mt last year, a director with Indonesia’s second-largest cement company said. "We expect domestic cement sales to only grow by between 3-4 per cent this year given weak purchasing power," Indocement Finance Director Christian Kartawijaya told reporters. He said such domestic sales growth target is conservative, given high inflation and interest rates. "The target (for... |
China shifting to rural area developments13 March 2006, Published under Cement NewsThe overcapacity pressures on some industries in China, such as iron and steel and cement, are likely to be eased when the government shifts the priority in infrastructure investment to the countryside in the coming five years. Economist Ma Xiaohe said this is a strategic adjustment in China’s social and economic development, and will have far reaching influences on the trend of the national economy. More public spending to facilitate rural infrastructure construction will greatly lowe... |
Renewed interest in cement production in North Dakota13 March 2006, Published under Cement NewsGeologists want to know if enough limestone can be found in eastern North Dakota to run a profitable cement plant. It’s a subject of intense interest in North Dakota’s construction industry, which has seen the cost of cement rise sharply because of increased demand. Greg McCormick, a spokesman for Northern Improvement, one of the region’s largest highway construction companies, said the cost of cement has jumped from US$100 a ton to about US$125 a ton in the last few years. During last year... |
Carib Cement moves into major phase of upgrade13 March 2006, Published under Cement NewsCarib Cement will next month move into a pivotal phase of its US$100m expansion and modernisation programme, when it begins construction of the foundation for a new kiln. At the end of the expansion programme at mid-2008, the local cement manufacturer will double its output capacity. Last week Anthony Haynes, general manager of the Rockfort, Kingston company told Sunday Finance that the firm would begin the foundation for the kiln and cement mill, scheduled for completion in two years. "We ... |
Iran to build power, cement plants in Cuba13 March 2006, Published under Cement NewsIran and Cuba signed an agreement based on which Iran will build a cement plant in this Latin American country, news wire services reported. In addition to the US$200m agreement concluded for building the cement production plant, Iran has also agreed to construct a power plant aimed at generating at least 500 to 1500mW of electricity in this island of the Greater Antilles. Also, Tehran will supply the raw materials and chemicals needed for rubber and plastic production in Cuba, the report q... |
New plant for Semen Gresik10 March 2006, Published under Cement NewsPT Semen Gresik is planning to start construction of a new cement plant next year at a cost of more than 3 trln rupiah, finance director Cholil Hasan said. At this stage the company is finalizing a feasibility study to determine the size of the output, location and investment cost, he said. "By the end of this month, we will propose it to the board of commissioners," Hasan told reporters. The company will still need to secure shareholder approval and attend to other preparations for... |
Italcementi to focus on Chinese market 200610 March 2006, Published under Cement NewsItalian cement maker Italcementi will focus on the Chinese market and will examine its development opportunities in 2006, the company’s CEO, Carlo Pesenti, said. The company intends to grow in emerging markets, Pesenti added. Italcementi is already present in Beijing and in Thailand and plans to expand in the neighbouring countries as well as in the Middle East. The company has set up a partnership with Arabian Cement Company in Saudi Arabia, which which it might establish a joint ve... |
Jidong Cement confirms planned sale10 March 2006, Published under Cement NewsHebei Provincial Jidong Cement Group Co, Ltd. (Jidong Cement), a major cement producer in China, plans to sell some stake to HeidelbergCement, announced its listing vehicle Tangshan Jidong Cement Co, Ltd. Both sides are in talks now and relative reports have been submitted to the National Development and Reform Commission of China (NDRC). Jidong Cement first made an announcement on February 27 by saying that it would have a shareholding reform, and its stock will suspend trading for a ... |
Holcim Espana boosts sales10 March 2006, Published under Cement NewsHolcim Espana, the Spanish arm of Swiss cement group Holcim, registered a 10.5 per cent rise in sales last year, to EUR 650m. The company generates 62.5 per cent of revenue in the southern region of Andalucia, where sales reached EUR 400m last year, a rise of 17.6 per cent. Four of Holcim Espana’s six production facilities are located in Andalucia. The Holcim group has invested EUR 170m in the region in the past five years, managing director Saverio Banchini said yesterday. |
Semen Gresik aims to maintain 45 per cent share09 March 2006, Published under Cement NewsIndonesia’s largest cement producer PT Semen Gresik is aiming to maintain its domestic market share at 45 per cent this year by reducing sales overseas, said company finance director Cholil Hasan. "We may reduce exports by 25-30 per cent this year depending on local demand," Hasan told a news briefing. He said Semen Gresik’s domestic cement sales are expected to rise by six per cent or more this year, partly on demand from government infrastructure projects. Last year, it sold 14.28Mt o... |